Fumed Silica Market accounted for US$ 1.2 billion in 2020 and is estimated to be US$ 2.0 billion by 2030 and is anticipated to register a CAGR of 5.30%. Fumed silica is a small particle with greater purity and a large surface area that tends to form chemical bonds in the manufactured process. Small particles are formed by injecting chlorosilanes, essentially silicon tetrachloride (SiCl4), into a flame of hydrogen and air, then the reaction results in fumed hydrogen chloride and silica, and the chemical formula of fumed silicon is SiO2. Fumed silica and pyrogenic silica are most commonly used as universal thickening agents, thickeners in milkshakes, and anticaking agents in powdered foods. Fumed silica particle size is 5-50nm and they have a surface area of 50–600 m2/g and that is non-porous, and the density is 160–190 kg/m3.
The report "Global Fumed Silica Market, By Type (Hydrophilic and Hydrophobic), By Application (Paints, Coatings & Inks, Adhesives & Sealants, Pharmaceuticals, UPR, Gel Batteries, Lighting and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and, Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2021, PyroGenesis Canada signs $4M contract with HPQ Polvere as part of a project to transform quartz into fumed silica. The partnership is part of the larger government contract PyroGenesis announced earlier, which saw the maker of advanced plasma processes and products win a $700,000 grant from Sustainable Development Technology located in Canada to develop a novel production process using a plasma reactor to transform quartz into fumed silica.
· Cabot Corporation announced the debut of a new ENERMA 6 carbon nanotube (CNT) series on March 16, 2021. ENERMA 6 carbon nanotube products in high-performance CNTs are the company's most recent development. Cabot Corporation (NYSE: CBT) is a prominent manufacturer of carbon black, elastomer composites, inkjet colorants, masterbatches, and conductive compounds fumed silica, as well as other specialty chemicals and performance materials.
Analyst View:
The greater shift toward bio-based products are promoted by environmental concerns, increasing demand for beauty and personal care product, a trend in the building and construction sector, and also changes in government policies and government project related to wastewater and water treatment which supports the growth of fumed silica market for the forecast period. Fumed silica is used as a pharmaceutical excipient in the pharmaceutical industry. It mainly offers cost-effective drug production options for research activities. Fumed silica is mostly used in tablet making, adsorbent, as anticaking agent, disintegrates, or glidants to allow powder to flow freely when tablets are processed. The shift toward bio-based products led by environmental issues and changes in government policies are majorly driving the global demand for fumed silica during the forecast period.
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Key Market Insights from the report:
Global Fumed Silica Market accounted for US$ 1.2 billion in 2020 and is estimated to be US$ 2.0 billion by 2030 and is anticipated to register a CAGR of 5.30%. The Global Fumed Silica Market is segmented by Type, Application, and Region.
· By Type, Global Fumed Silica Market is segmented into Hydrophilic and Hydrophobic.
· By Application, market is segmented into Paints, Coatings & Inks, Adhesives & Sealants, Pharmaceuticals, UPR, Gel Batteries, Lighting and Others.
· By region, Global Fumed Silica Market is segmented into North America, Europe, Asia Pacific, Latin America, and, Middle East & Africa.
Competitive Landscape:
Key players in the global fumed silica market includes, Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokoyuma Corporation, Orisil, OCI Co Ltd, TBEA Co. Ltd, Zhejiang FuShiTe Group Co., Ltd, Dongyue Group Ltd, and Boehle Chemical, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
